Surely to interpose the Irish Government between the Irish debtor and his English creditor, and to provide that the Irish revenues in bulk, not the individual holdings of each tenant, shall be the security for the English creditor. What made you want to look up debtor? { bidder: 'ix', params: { siteId: '195451', size: [300, 250] }}, window.__tcfapi('addEventListener', 2, function(tcData, success) { dfpSlots['rightslot2'] = googletag.defineSlot('/2863368/rightslot2', [[300, 250], [120, 600], [160, 600]], 'ad_rightslot2').defineSizeMapping(mapping_rightslot2).setTargeting('sri', '0').setTargeting('vp', 'mid').setTargeting('hp', 'right').setTargeting('ad_group', Adomik.randomAdGroup()).addService(googletag.pubads()); Debtor One who owes a debt or the performance of an obligation to another, who is called the creditor; one who may be compelled to pay a claim or demand; anyone liable on a claim, whether due or to become due. You, the debtor, must pay off the money you borrowed from the credit card company, the creditor. { bidder: 'sovrn', params: { tagid: '446382' }}, { bidder: 'ix', params: { siteId: '555365', size: [120, 600] }}, The entity may be an individual, a firm, a government, a company or other legal person. { bidder: 'ix', params: { siteId: '555365', size: [120, 600] }}, var pbDesktopSlots = [ googletag.pubads().setTargeting("cdo_c", ["business_financial_industrial_technology"]); 'increment': 0.5, Except in certain bankruptcy situations, debtors can prioritize their debt repayments as they like, but if they fail to honor the terms of their debt, they may face fees and penalties as well as a drop in their credit scores. Thus, a short payment or late payment could trigger a default. Copyright © 2020 AccountingCoach, LLC. { bidder: 'appnexus', params: { placementId: '11653860' }}, Additionally, the creditor may take the debtor to court over the matter. { bidder: 'sovrn', params: { tagid: '387232' }}, }; bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776140', position: 'atf' }}, { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_HDX' }}, { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_rightslot2_flex' }}, 13th century, in the meaning defined at sense 1. Copyright © 2020 AccountingCoach, LLC. { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_rightslot_flex' }}, { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_MidArticle' }}, { bidder: 'ix', params: { siteId: '195451', size: [320, 50] }}, var mapping_topslot_b = googletag.sizeMapping().addSize([746, 0], [[728, 90]]).addSize([0, 0], []).build(); { bidder: 'openx', params: { unit: '539971063', delDomain: 'idm-d.openx.net' }}, Definition of Debtor A debtor is a person or enterprise that owes money to another party. pbjsCfg = { priceGranularity: customGranularity, The offers that appear in this table are from partnerships from which Investopedia receives compensation. { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_btmslot' }}]}, googletag.pubads().setTargeting('ad_h', Adomik.hour); name: "identityLink", {code: 'ad_topslot_b', pubstack: { adUnitName: 'cdo_topslot', adUnitPath: '/2863368/topslot' }, mediaTypes: { banner: { sizes: [[728, 90]] } }, { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_btmslot_300x250' }}, also called obligor. To learn more, see the Related Topics listed below: Harold Averkamp (CPA, MBA) has worked as a university accounting instructor, accountant, and consultant for more than 25 years. googletag.cmd = googletag.cmd || []; In other words, the debtor has a debt or legal obligation to pay the amount owed. dfpSlots['rightslot'] = googletag.defineSlot('/2863368/rightslot', [[300, 250]], 'ad_rightslot').defineSizeMapping(mapping_rightslot).setTargeting('sri', '0').setTargeting('vp', 'mid').setTargeting('hp', 'right').setTargeting('ad_group', Adomik.randomAdGroup()).addService(googletag.pubads()); googletag.pubads().setTargeting("cdo_dc", "english"); bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162050', zoneId: '776358', position: 'atf' }}, If a company borrows $10,000 from a bank, the company is the debtor and the bank is the creditor. In the United States, debtors' prisons were relatively common until the Civil War era, at which time most states started phasing them out. { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_Billboard' }}, When the counterpart of this debt arrangement is a bank, the debtor is more often referred to as a borrower. var pbAdUnits = getPrebidSlots(curResolution); Especially when Chapter 11 is filed, there is hope that a company will be able to restructure its debt so that it can again become solvent. name: "pubCommonId", {code: 'ad_topslot_b', pubstack: { adUnitName: 'cdo_topslot', adUnitPath: '/2863368/topslot' }, mediaTypes: { banner: { sizes: [[728, 90]] } }, Debtor One who owes a debt or the performance of an obligation to another, who is called the creditor; one who may be compelled to pay a claim or demand; anyone liable on a claim, whether due or to become due. var googletag = googletag || {}; }, 'min': 0, In each country, there are three types of agents in each generation: capitalists, debtors, and bankers. Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free! "authorizationTimeout": 10000 type: "cookie", { bidder: 'openx', params: { unit: '539971080', delDomain: 'idm-d.openx.net' }}, Consumer Credit Protection Act of 1968 is Federal legislation outlining disclosure requirements for consumer lenders. A creditor is a person, bank, or other enterprise that has lent money or extended credit to another party. userSync: { When a few letters make a large difference. { bidder: 'openx', params: { unit: '539971080', delDomain: 'idm-d.openx.net' }}, One of the trials is without data and can be upgraded to a subscription within the 14 days period. This act outlines when bill collectors can call debtors, where they can call them, and how often they can call them. You are already subscribed. 'max': 3, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776130', position: 'btf' }}, { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_leftslot' }}, }); { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_topslot_728x90' }}, googletag.pubads().disableInitialLoad(); { bidder: 'ix', params: { siteId: '195451', size: [320, 50] }}, }); params: { "noPingback": true, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_btmslot' }}]}, HA1 1UD, Support: 08456 800 473 { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_rightslot2_flex' }}, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162050', zoneId: '776336', position: 'btf' }}, { bidder: 'appnexus', params: { placementId: '11654149' }}, if(refreshConfig.enabled == true) { bidder: 'onemobile', params: { dcn: '8a9690ab01717182962182bb50ce0007', pos: 'cdo_btmslot_mobile_flex' }}, googletag.pubads().setTargeting("cdo_ptl", "entry-lcp"); “Debtor.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/debtor. {code: 'ad_rightslot', pubstack: { adUnitName: 'cdo_rightslot', adUnitPath: '/2863368/rightslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, googletag.enableServices(); { bidder: 'ix', params: { siteId: '555365', size: [160, 600] }}, The counterparty is called a creditor. "authorizationFallbackResponse": { { bidder: 'openx', params: { unit: '539971065', delDomain: 'idm-d.openx.net' }}, { bidder: 'ix', params: { siteId: '555365', size: [300, 250] }}, { bidder: 'ix', params: { siteId: '195467', size: [320, 100] }}, { bidder: 'appnexus', params: { placementId: '11654149' }}, Test Your Knowledge - and learn some interesting things along the way. { bidder: 'sovrn', params: { tagid: '346688' }}, A debtor who refuses to take this oath can be sent to prison. This offer is not available to existing subscribers. { bidder: 'ix', params: { siteId: '195465', size: [300, 250] }}, It is not a crime to fail to pay a debt. Learn a new word every day. { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_SR' }}, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776130', position: 'btf' }}, However, the courts can send debtors to jail for unpaid taxes or child support. googletag.pubads().setTargeting("cdo_pt", "entry"); { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_topslot' }}, { bidder: 'ix', params: { siteId: '194852', size: [300, 250] }}, { bidder: 'appnexus', params: { placementId: '11654157' }}, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_btmslot' }}]}];

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